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28-30 Clay Street

Cambridge, MA 02140
  • $2,999,000
  • STATUS: Active
  • MLS #: 72964737
Price Reduced
UPDATED: 71 min ago
$2,999,000
  • 12
    BEDS
  • 0.14
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 4,413
    SQFT
  • $680
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1924
County:

School Ratings & Info

Listing courtesy of Steven Rosen of Rysen Real Estate.

Description

Massive price drop makes this the best investment in Cambridge! Excellent turn-key High cash flow investment with leases in place (#3 renewed to 8/31/23 unit 2 leased through Aug 2023 @ $5,000). Property generates over $15,525/month with room to increase (projected Sep1 income $16k/mo). Expense include W&S, RE taxes and ins. Huge 3-family in quiet neighborhood, highly sought-after N Cambridge location walking to Alewife & Davis T Red Line. Well-kept & managed with 4 bay garages and deep basement for upside expansion potential to duplex to first floor or an aux unit? Elegant condo-quality renovated units with central AC, HW floors, private front & back balconies, updated kitchens and bathrooms, newer stainless appliances, granite countertops, LED lighting throughout. Coin-op washing machine, garages rented. High 89 walk score transit, restaurants, shops, services, parks, basketball/tennis courts bike paths nearby 89 walk score. Could be a great condo conversion! Endless potential!

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2022-06-27T22:09:06.137.
www.dotcollectionma.com/homes/127523805
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28-30 Clay Street Cambridge, MA 02140

  • Price: $2,999,000
  • Status: Active
  • On Site: Days
  • Updated: 71 min ago
  • MLS #: 72964737
12
Beds
6
Baths
0
½ Baths
0.14
Acres
4,413
SQFT
$680
$/SQFT
1924
Built
Neighborhood:
North Cambridge
County:
Middlesex
Area:
North Cambridge
Property Description
Massive price drop makes this the best investment in Cambridge! Excellent turn-key High cash flow investment with leases in place (#3 renewed to 8/31/23 unit 2 leased through Aug 2023 @ $5,000). Property generates over $15,525/month with room to increase (projected Sep1 income $16k/mo). Expense include W&S, RE taxes and ins. Huge 3-family in quiet neighborhood, highly sought-after N Cambridge location walking to Alewife & Davis T Red Line. Well-kept & managed with 4 bay garages and deep basement for upside expansion potential to duplex to first floor or an aux unit? Elegant condo-quality renovated units with central AC, HW floors, private front & back balconies, updated kitchens and bathrooms, newer stainless appliances, granite countertops, LED lighting throughout. Coin-op washing machine, garages rented. High 89 walk score transit, restaurants, shops, services, parks, basketball/tennis courts bike paths nearby 89 walk score. Could be a great condo conversion! Endless potential!
Exterior Features

Beachfront No Color Beige Construction Frame Exterior AluminumVinyl Exterior Features Porch - EnclosedGuttersFenced Yard Foundation Fieldstone Lot Description Paved Drive Parking Features Off-StreetRentedTandemOn Street Permit Parking Spaces 6 Road Type PublicPaved Roof Material Rubber Waterfront Flag No

Interior Features

Basement Yes Basement Features Full Bedrooms Unit1 4 Bedrooms Unit2 4 Bedrooms Unit3 4 Cooling Units 1 Cooling Zones 3 Energy Features Insulated WindowsInsulated Doors Fireplaces 0 Fireplaces Unit1 0 Fireplaces Unit2 0 Fireplaces Unit3 0 Flooring Wood Floors Unit1 1 Floors Unit2 2 Floors Unit3 3 Full Baths Unit1 2 Full Baths Unit2 2 Full Baths Unit3 2 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Hot Water Natural Gas Levels 3 Levels Unit1 1 Levels Unit2 1 Levels Unit3 1 Rooms 21 Rooms Unit1 7 Rooms Unit2 7 Rooms Unit3 7

Property Features

Amenities Public TransportationShoppingTennis CourtParkWalk/Jog TrailsBike PathHighway AccessT-Station Apod Available Yes Assessments 2143400.00 Disclosure Yes Disclosures Living Area Does Not include Deep Dry Basement With Potential To Finish. Buyer To Do Due Diligence. Listing Broker Has Ownership interest. Electric Features 220 Volts Expenses Source Estimated Expenses Year End 12/21 Gross Operating Income 186300 Lead Paint Unknown Lease Unit1 Y Lease Unit2 Y Lease Unit3 Y Lender Owned No Lot 00044 Multifamily Type 3 Family Net Operating Income 166750 Rent Unit1 4550 Rent Unit2 4875 Rent Unit3 5000 Sewer City/Town Sewer Short Sale Lender App Required No Sq Ft Disclosures Does Not include Large Unfished Lower Level And 4 Bay Garage With income Sq Ft Includes Basement No Sq Ft Source Public Record Tax Year 2021 Taxes 13149.98 Utility Connections For Gas RangeFor Gas OvenFor Electric DryerIcemaker Connection Water City/Town Water Year Built Description Actual Year Built Source Public Record Year Round Yes Zoning B

Listing information © 2022 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Steven Rosen of Rysen Real Estate.


The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2022-06-27T22:09:06.137.
 
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5 Canton Ave Unit 2C
Milton MA, 02186
Listing courtesy of Steven Rosen of Rysen Real Estate.